Progressive reports November 2025 financial results

The Progressive Corporation (NYSE: PGR) reported November 2025 financial results showing mixed performance compared to the same period last year.

Net premiums written increased 11% to $6.19 billion from $5.56 billion in November 2024. Net premiums earned rose 14% to $6.89 billion from $6.04 billion in the prior year period.

Net income declined 5% to $958 million, or $1.63 per share, compared to $1.01 billion, or $1.71 per share, in November 2024. The company's combined ratio was 87.1%, up 1.5 percentage points from 85.6% in the previous year.

Total pretax net realized gains on securities decreased 82% to $32 million from $175 million in November 2024.

Policies in force grew across all business segments. Total policies increased 11% to 38.4 million from 34.7 million in November 2024. Personal lines policies rose 11% to 37.2 million, driven by 14% growth in direct auto policies to 15.9 million and 10% growth in agency auto policies to 10.7 million.

Commercial lines policies increased 5% to 1.2 million from 1.1 million in the prior year period.

The Mayfield Village, Ohio-based insurer operates as the second largest personal auto insurer in the United States and offers coverage for personal and commercial vehicles, motorcycles, boats, recreational vehicles, and homes.

You May Also Be Interested In

• Diginex reports 77% revenue rise but $31M net loss in FY2026
• Versamet Royalties posts Q2 revenue of $23.7M, up 392% year over year
• Boston Omaha Corporation (BOC) Misses Q2 EPS by 2c